Streetbeat News

Products Services

AQST

Aquestive Therapeutics has announced a $75M underwritten public offering of 16,666,667 common shares at $4.50 each. The proceeds will primarily fund the development and commercialization of Anaphylm™ and Libervant™, alongside general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:09 am

TSLA

Tesla Inc (NASDAQ:TSLA) plans to increase prices on China-made Model Y vehicles starting next month, following similar announcements for the U.S. and Europe. The price hike in China is set at 5,000 yuan ($695) from April 1. The company previously announced price increases in Europe by about 2000 euros ($2,173) and in the U.S. by $1000 for all Model Y variants, also starting April 1. Tesla's vehicle deliveries in the last quarter of 2023 totaled 484,507, and the impact of these price adjustments on future deliveries is awaited. Tesla shares closed down 1.43% at $171.32, with a year-to-date decrease of 31%.

Portfolio Pulse from Anan Ashraf

March 20, 2024 | 5:39 am

MSFT

Microsoft Corporation (NASDAQ:MSFT) has hired the founders of Inflection AI, Mustafa Suleyman and Karén Simonyan, to diversify its AI strategy beyond its significant investment in OpenAI. Brett Winton of Ark Invest highlighted this move as a strategy to mitigate OpenAI-related risks. Microsoft previously led a $1.3 billion funding round for Inflection AI and has also invested in another AI startup, Mistrial AI. Suleyman and Simonyan will lead a new division focusing on consumer AI, integrating efforts with Copilot, Bing, and Edge.

Portfolio Pulse from Ananya Gairola

March 20, 2024 | 5:21 am

GOOG

GOOGL

Alphabet Inc.'s Google Pixel 8a is set to launch at the I/O developer conference in May with new features including a 120Hz refresh rate, Tensor G3 chipset, and expanded availability in additional European countries. This marks the first a-series Pixel to offer a 120Hz refresh rate. The device will also maintain design consistency with the Pixel 8 and Pixel 8 Pro, including a peak HDR brightness of 1,400 nits and the same camera setup as the 7a.

Portfolio Pulse from Ananya Gairola

March 20, 2024 | 5:15 am

NVDA

NVIDIA Corp's CEO, Jensen Huang, predicts the 'AI computing ramp' will continue for years, emphasizing its early stage and potential for significant growth, especially in healthcare. Nvidia's technology has improved data processing speed and reduced costs, making it integral in various industries. The company's new AI chips, Blackwell, are in high demand, contributing to the growth of AI-themed ETFs in the U.S. Despite challenges, Nvidia's market performance remains strong, with its role in AI technology driving investor interest.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 4:11 am

XIACF

Xiaomi CEO Lei Jun showcased the new EV factory uniform and hinted at the upcoming domestic launch of the SU7 sedan, Xiaomi's first car. The EV factory was officially unveiled, with the Xiaomi board holding a meeting there and test-driving the SU7. Xiaomi, often compared to Apple, is expanding into the EV market with the SU7, which has been compared to high-end vehicles like the Porsche Taycan and Tesla Model S. The official pricing for the SU7 will be announced on March 28. Xiaomi's financials for 2023 showed significant growth, with total revenue of 271 billion yuan and an adjusted net profit of 19.3 billion yuan, despite expenses related to new initiatives like the EV business. This move into the EV sector differentiates Xiaomi from Apple, which reportedly halted its electric car project due to concerns over profit margins.

Portfolio Pulse from Anan Ashraf

March 20, 2024 | 3:34 am

CMG

COIN

JPM

PLNT

TSLA

On Tuesday, U.S. stock indices closed positively, with notable movements in shares of Chipotle, JPMorgan, Planet Fitness, Coinbase, and Tesla. Chipotle announced a significant 50:1 stock split, JPMorgan saw mixed options trading sentiment, Planet Fitness faced backlash over inclusive policies, Coinbase's stock fell with Bitcoin's price, and Tesla announced a price increase for the Model Y.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 3:09 am

GEHC

GETY

JNJ

NVDA

SSTK

Jim Cramer highlighted lesser-known partners of NVIDIA Corp (NVDA) that could benefit from its AI technology, including Getty Images (GETY), Shutterstock (SSTK), Medtronic, GE HealthCare Technologies (GEHC), and Johnson & Johnson (JNJ). Despite a recent dip in NVDA's stock, Cramer believes these partnerships could lead to significant market wins.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 3:03 am

MSFT

OpenAI is preparing to launch GPT-5, a significantly improved version of its AI tool, by mid-year. The new model, expected to be a major upgrade from GPT-4, is currently in training and will undergo safety testing and scrutiny through a 'red teamed' process. Microsoft, as OpenAI's biggest investor and a key integrator of GPT technology in its products, is reportedly in talks for further investment to develop GPT-5. The release date may be delayed due to the extensive safety testing phase.

Portfolio Pulse from Ananya Gairola

March 20, 2024 | 2:52 am

MSFT

Overwatch 2 Season 10 introduces a new hero, Venture, available for free, marking a shift from previous monetization models. All heroes will be accessible for free, and the Mythic Shop will offer previously exclusive skins. Players can earn Overwatch Coins through the battle pass, with a new game mode, Clash, and the Hanaoka map being introduced. Microsoft's Blizzard aims to address past criticisms and refresh the game's appeal.

Portfolio Pulse from Franca Quarneti

March 20, 2024 | 12:23 am